Ep #58 What's True or What's False: Decisions and The Psychology of Doubling Down

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Decision-making is a complex process – some processes are more complex than others.
How you arrive at a decision is a process of taking in information both externally and internally and then taking action. 

To double down is to take a further risk in a situation or passionately re-commit one's efforts to a cause or course of action.

Summary

1. Decision-making is a complex process that is affected by our past and what authorities we choose to use.
2.  Doubling down will follow decision-making in an attempt to correct course or to strengthen a position. Sometimes like digging a hole deeper in an attempt to get out of the hole. 
3.  It takes years for ‘science’ to catch up to its theories, which are not always accurate even though they seem to make sense.
4.  Our biases and our authorities corrupt the information we are receiving.
5. Beliefs and meta-programs act like biases in choosing a course of action
6. Use your history of good decisions and base your decision on structure, not content
7. Look at multiple sources of information – recognize their biases also.

 

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